Hello Hubsters,
It’s Irien Joseph bringing you the Europe edition of the Wire from the London newsroom.
Regulatory technology is our opening theme as we look at Maven Capital partially exiting a RegTech provider to another private equity firm.
Sticking with tech, where there’s been another big cyberattack this week, this time on Transport for London. But there have also been big deals in cyber defense – we highlight Insight Partners’ sale of a cybersecurity firm and look at some other big recent deals in the sector.
Next, PE Hub reporter Sophie Rose has made her listicle debut by compiling six deals in the sport, health and wellness sector across Europe and the US. Houlihan Lokey’s Jan Niklas Greim-Kuczewski shared with usthe factors driving interest in the sector.
Finally, we explore how the growth of the beauty and personal care (BPC) market has boosted the expansion of personal care contract development and manufacturing organizations (CDMOs) and contract manufacturing organizations (CMOs), based on a report by DC Advisory.
‘Substantial’ growth
Maven Capital Partners has partially sold its investment in Novatus Global, in the latest RegTech deal.
Read the full version of the Wire to find out the buyer and other details, as well why the sector is so popular.
For more on RegTech, read this deep dive into Verdane’s acquisition of Corlytics.
For a US perspective, find out how Hg is leveraging RegTech in its add-on strategy for Cube.
Cyber significance
Cyberattacks are increasingly common and businesses are adopting new technologies to protect themselves. An attack this week in the UK affected Transport for London and potentially exposed the bank details of around 5,000 customers, according to reports.
Private equity has taken note and has been investing in the sector. In the US, we reported a big deal where Insight Partners agreed to sell a Boston-based cybersecurity firm.
Read the premium version of the Wire to find out more.
For more on cybersecurity, you can also check out this listicle on seven recent cybersecurity deals in the US.
Health and wellbeing
Growth in the sport, health and wellness market has prevailed in recent months, as people look to improve their health and fitness and augment traditional methods with new approaches, Sophie Rose writes.
This has also led to a wave of private equity deal appetite over the last year.
Read the full story here to find out key factors driving the deals and the recent deals announced in the sector.
Beauty uptick
There is strong investment interest in the global beauty and personal care manufacturing industry, largely driven by private equity, according to a DC Advisory report.
Check out the premium version of the Wire for my key takeaways from the report and some of the deals we covered in the sector.
For more on the beauty sector, check out this deep dive into the attractiveness of the medical aesthetics sector.
That’s it from me. Obey Martin Manayiti will write to you later today in the New York morning with the US edition, and Craig McGlashan will be on European Wire duty next week in London.
Warmly,
Irien
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